Financial Highlights - Lucid Group reported fourth quarter revenue of $522.7 million, a 123% increase compared to Q4 2024, and annual revenue of $1,353.8 million, up 68% year-over-year [4][6] - The company ended the quarter with approximately $4.6 billion in total liquidity [4][6] - GAAP diluted net loss per share was $(3.62) for Q4 2025 and $(12.09) for the full year 2025 [6][25] Operational Highlights - Lucid delivered 15,841 vehicles in 2025, representing a 55% increase compared to the full year 2024, and delivered 5,345 vehicles in Q4 2025, up 72% from Q4 2024 [4][6] - The company nearly doubled production year-over-year, achieving production totals of 17,840 vehicles for 2025, aligning with its annual production guidance of approximately 18,000 vehicles [5][6] - For 2026, Lucid has set an annual production guidance of 25,000 to 27,000 vehicles [4][6] Strategic Focus - The company emphasized execution and strategic adjustments in 2025 to position itself for long-term success, including advancements in autonomy and robotaxi development [5][6] - Lucid aims to maintain operational and financial discipline while progressing towards profitability and launching its Midsize vehicles [5][6] - The company has made targeted adjustments to its U.S.-based, non-manufacturing workforce to support growth and margin progression [5][6] Awards and Recognition - Lucid received multiple top-tier awards for product excellence, including recognition from Car and Driver for both the Lucid Air and Lucid Gravity [6]